The building management system (BMS) market is expected to grow at a CAGR of 16% by 2024

   November 7, 2019
According to a market report by Lucintel, the future of the building management system (BMS) market looks promising with opportunities in the residential, commercial, and industrial sectors. The building management system market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for energy-efficient and eco-friendly buildings, growing integration of IoT, and increasing need for simplified building operation and maintenance.

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In this market, facility management, security management, energy management, infrastructure management, and emergency management are the major software types. Within the building management system market, residential, commercial, and industrial are the major end use industries.

Honeywell International, Johnson Control, Schneider Electric, Siemens, United Technologies, ABB, Azbil Corporation, Delta Controls, Larsen & Toubro, Mitsubishi Electric Corporation are among the major providers of building management system.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the building management system market by software, service type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Building Management System Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the building management system market by software, service type, end use industry, and region as follows:

By Software [$M shipment analysis for 2013 - 2024]

  • Facility Management

  • Security Management

  • Energy Management

  • Infrastructure Management

  • Emergency Management

By Service Type [$M shipment analysis for 2013 - 2024]

  • Professional Services

  • Managed Services

By End Use Industry [$M shipment analysis for 2013 - 2024]

  • Residential

  • Commercial

  • Industrial

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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